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Kiaasa Retail IPO
2.09xsubscribed

Kiaasa Retail IPO

Textile
listed
₹2.42LMin. investment

Kiaasa Retail Limited IPO Details

SectorTextile
Price range₹121 – ₹127
IPO type
SME
Lot size1000 shares
Issue size₹70Cr
Draft Red Herring Prospectus
Read
Market cap
₹231.51CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹120.68CrLower than sector avg
Growth rate3Y CAGR
55.30%

Kiaasa Retail IPO Subscription Status

Date
QIB
NII
Retail
Total
23-Feb-26
0.0 times (X)
0.01 times (X)
0.16 times (X)
0.11 times (X)
24-Feb-26
0.0X
0.74X
0.59X
0.65X
25-Feb-26
5.44X
1.14X
2.42X
2.09X

As on 23-Feb-26, 5:30 PM

Kiaasa Retail IPO Timeline

  1. Pre-apply
    20 Feb 2026
  2. Bid start
    23 Feb 2026
  3. Bid end
    25 Feb 2026
  4. Allotment
    26 Feb 2026
  5. Release of funds
    27 Feb 2026
  6. Demat transfer
    27 Feb 2026
  7. Listing
    2 Mar 2026

About Kiaasa Retail Limited

Kiaasa Retail is a women-focused fashion brand engaged in the design, sourcing and sale of ethnic wear and accessories which operates through an omni-channel model including exclusive brand outlets (EBOs), franchise stores and online platforms .
The company’s product portfolio includes sarees, kurtas, kurta sets, lehengas, tops, bottom wear, dresses, dupattas, winter wear, handbags and jewelry with a focus on affordable fashion for tier-2 and tier-3 cities. In FY25, the major contributor to the revenue was Salwar-Kurta-Dupatta, which accounted for 80.56%, followed by Kurta at 6.88%, whereas other segments such as lehengas, gowns, and accessories accounted for smaller shares. The major source of revenue for the company comes from B2C retail business (72.84%) through offline and online stores, followed by B2B business (26.04%).
Geographically, Uttar Pradesh accounted for 21.11%, followed by Delhi at 11.61%, Haryana at 7.93% and 15+ other states in FY25. As of September 30, 2025, it operates 122 Exclusive Brand Outlets across 70 cities with a mix of FOFO (14 stores), FOCO (94 stores) and 14 company-owned stores as of Sep 2025. The company also sells through its website and platforms like Amazon, Flipkart, Myntra and LimeRoad. Additionally, it runs a “Nine99 Store” format, where products are sold at a fixed price of ₹999 to clear excess inventory and target price-sensitive customers which improve inventory turnover and margins .

Checklist

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Revenue growth
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Objectives of Kiaasa Retail Limited IPO

Capital Expenditures
66.36%
The company will utilise ₹46.45 crore for opening new stores.
General corporate purposes
33.64%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹120.68Cr55.30%₹8.38Cr₹231.51Cr17.000.70
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Kiaasa Retail IPO Contact Details

Company NameKiaasa Retail Limited

How to apply for Kiaasa Retail IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Kiaasa Retail Limited IPO FAQs